Relevant Party definition
Examples of Relevant Party in a sentence
Each Relevant Party has the requisite power and authority and legal right to execute and deliver, engage in the transactions contemplated by, and perform and observe the terms and conditions of, each Program Agreement to which it is a party.
Any such Fidelity Insurance policies shall protect and insure the Guarantor and each other Relevant Party against losses.
No Relevant Party is required to register as an “investment company”, or a company “controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended (the “ICA”), and it is not necessary to register Seller, Mortgage Subsidiary or REO Subsidiary under the ICA, for reasons other than the exemption provided by Section 3(c)(1) or Section 3(c)(7) of the ICA.
Each Relevant Party is duly licensed or is otherwise qualified in each jurisdiction in which it transacts business for the business which it conducts and is not in default of any applicable federal, state or local laws, rules and regulations.
Any renewal, extension, increase, modification, alteration or rearrangement of all or any part of the Repurchase Agreement, the other Program Agreements, or any other document, instrument, contract or understanding between Seller and Buyer and/or Repo Agent, or any other parties, pertaining to the Guaranteed Obligations, or any failure of Buyer, Repo Agent or any Relevant Party to notify Guarantor of any such action.